All Topics / Legal & Accounting / Regarding Family Trust

Viewing 5 posts - 1 through 5 (of 5 total)
  • Profile photo of csoi009csoi009
    Participant
    @csoi009
    Join Date: 2004
    Post Count: 8

    My husband and me are not very familiar about the law stuff but we found that if we want to set up an investment portfolio(no matter stock or property), we would better to set up a family trust. We roughly went through the details about family law, but still not get a clear idea. Actually, my husband’s earning about 70k to 80k a year (depends on Overtime varies) and I’m just an uni student (no paid), without child as well. Do we better off to set up a family trust to start our investment ? What’s the benefit ?

    Thanks !

    Profile photo of DerekDerek
    Member
    @derek
    Join Date: 2004
    Post Count: 3,544

    Recommend you do a search on ‘trusts’ as the topic has been discussed at length previously. Check out the ‘link’ under forum boards to the top left of screen.

    You can also go to http://www.gatherumgoss.com and order a book called ‘Trust Magic’ – could be the best $99 ever spent.

    Derek
    [email protected]

    Property Investment Support Available. Ongoing and never stopping.

    Profile photo of waprincesswaprincess
    Member
    @waprincess
    Join Date: 2004
    Post Count: 29

    Get a really good accountant and make sure you know exactly what it is that you want to do first. I have a trust myself but with the recent changes in tax law using a trust isn’t as tax happy as it used to be.

    P

    Profile photo of csoi009csoi009
    Participant
    @csoi009
    Join Date: 2004
    Post Count: 8

    Thanks Derek & waprincess

    [exhappy]

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213

    as your not working, a trust would probaby help you save tax. talk to an accountant.

    Terryw
    Discover Home Loans
    Mortgage Broker
    Click below to email me

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

Viewing 5 posts - 1 through 5 (of 5 total)

You must be logged in to reply to this topic. If you don't have an account, you can register here.